July 13, 2023

Stocks rose Thursday after June’s producer price index report rose less than anticipated, building upon optimism from Wednesday’s consumer price index data. The PPI, which measures what wholesalers pay for goods, rose 0.1 per cent in June. Economists polled by Dow Jones had expected an increase of 0.2 per cent. Core PPI, which strips out

At the closing bell, the S&P/ASX 200 was 1.66 per cent or 118.50 points higher at 7,254.20, marking its third consecutive day of gains. Among the gold majors, Newcrest Mining (ASX:NCM) saw a 3.7% surge, while Northern Star Resources (ASX:NST) gained 4.3%. The real estate sector also experienced growth as investors adjusted their expectations regarding

Regan Saveall, CEO of leading UK CBD company Dragonfly Biosciences, discusses the company and its plans to list on the ASX in August. Paul Sanger: Today, I’m joined by Regan Saveall, Executive Director and CEO of Dragonfly Biosciences. Dragonfly is a vertically integrated, seed-to-shelf CBD business that trades under the Dragonfly CBD brand. The company

Michael Price, Portfolio Manager of the Ausbil Active Dividend Income Fund, discusses the biggest dividend opportunities in the short and medium term. Paul Sanger: I’m Paul Sanger for the Finance News Network. Today we’re talking to Michael Price, who is the Portfolio Manager for the Ausbil Active Dividend Income Fund. Michael, welcome back to the

Consumer sentiment in Australia showed a modest improvement in July, according to the Westpac-Melbourne Institute survey. While still near recessionary lows, the survey indicated a 2.7% increase in consumer sentiment compared to the previous month. Although views on current conditions deteriorated slightly, forward expectations for both individual family finances and the broader economy improved. Labour

Origin Energy (ASX:ORG) is set to receive $70 million in funding from the Federal Government for its proposed Hunter Valley Hydrogen Hub (HVHH) partnership with Orica (ASX:ORI). The grant, announced by Energy Minister Chris Bowen, aims to support the development of a reliable and commercially viable green hydrogen supply chain in the industrial and port

The recent Future of Investment Management Conference, held on 12 July 2023, brought together industry experts to discuss Australia’s economic outlook, portfolio construction challenges, risk management techniques, and the role of technology in investment. The conference covered a range of topics, including the impact of inflation, geopolitical shifts, portfolio diversification strategies, operational risk management, model

Elon Musk has made it very clear of his ambition to jump into the field of AI. Now, he has unveiled his latest endeavour: xAI. Positioned as a formidable alternative to the widely popular ChatGPT AI chatbot, xAI sets out to unravel the true essence of the universe, according to a recently launched website. Musk,